Asked by OLUSEGUN ADELEKE on May 13, 2024

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The B₂B purchasing process is often shorter and less complicated than the consumer decision-making process.

B₂B Purchasing Process

The series of steps that businesses go through when procuring goods or services from other businesses, including need identification, evaluation, and purchase decision.

Consumer Decision-making Process

The steps that buyers go through in selecting, purchasing, using, and disposing of goods or services.

Shorter

Relative term indicating a lesser length, duration, or extent compared to something else.

  • Understand the distinct nature of institutional markets and the tailored marketing strategies required.
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Sidiq FirdausMay 16, 2024
Final Answer :
False
Explanation :
The B2B purchasing process is typically longer and more complicated due to factors such as higher transaction values, the need for approvals from multiple stakeholders, and a more detailed evaluation of vendors and products.